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2016 Postmortem

LiberalFighter

(51,170 posts) Wed Aug 1, 2012, 12:15 AM Aug 2012

Here are some rough numbers for Rmoney's tax returns.

2010
Total income -- $22,781,225
Exempt income -- $4,500,000+ (About 20% not taxed)
Total taxes -- $3,000,000+

Effective tax rate -- 13.2%

2011
Total income -- $21,622,275
Exempt income -- $6,000,000+ (about 28% not taxed)
Total taxes -- $3,226,000+

Effective tax rate -- 14.9%

How many have $4 million or more of their income exempt from taxes?

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Here are some rough numbers for Rmoney's tax returns. (Original Post) LiberalFighter Aug 2012 OP

Well, that's not too bad. Marie Marie Aug 2012 #1

Marie Marie

(9,999 posts)

1. Well, that's not too bad.

Reply to LiberalFighter (Original post)

Wed Aug 1, 2012, 12:45 AM

Aug 2012

I thought it would be more like:

Total income -- 1 Gazillion Dollars
Exempt income -- 3 Gazillion Dollars (+ $77,000 for the horsey)
Offshore Hidden Assets - 2 Gazillion
Total Tax Reurn - 6 Gazillion, 77,000 Dollars

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